The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-11-17
BANKERS OF BIG BRAIN.
LOUISVILLE g. NASHVILLE STOCK
HOLDERS IN THE CITY.
No Business Importance Attached to
Their Visit, Save that They are SO
Impressed with Memphis that She
May Hear From Them Later.

May Hear From Them Later.
There was distinguished and wealthy
party OF gentlemen at the Gayoso hotel
yesterday. They were the officers and
chief stockholders OF the Louisville &
Nashville railroad, making their annual
inspecting tour of their valuable property.
The party consisted of Gen. TX. Norton,
president Of the road; John l.. Cadwalla-
der OF the firm OF Strong & Cadwallader,
attorneys; August Belmont, jr., of Belmont
* Co., bankers; Jacob II. Schiff, OF Kuhn,
Loeb & Co., bankers; S. Neustadt, Of Holl-
garten & Co., bankers; Thomas Jevons, Of
Buck q Jeyons, produce merchants; Low
ell Lincoln, OF Cathie & Co., dry goods
merchants; r. j. Kimball, of Kimball &
Co., bankers; Harry l.. Johnson, banker;
ii. j.. Lamb, of ID. Powers & Sons, bank
ers; w. i. Norton, son Of President Nor
ton, all OF New York city; and H. Oahu,
OF Shilling d Oahu, bankers, OF Frankfort
on-Main, Germany.
The gentlemen are travelling on special
cars and have been MS far south as Birming.
ham, and are now nonhward bound.
They arrived in the city from Decatur,
Ala, yesterday morning, and, after being
refreshed at the Gayoso, President Norton
took them in carriages around the city, as
many OF them had never been over il be.
fore. They went through the cotton COM
pross and were much delighted at its oper.
ations. After driving TO the principal
factories and over the main thoroughfares
they returned TO the hotel and lunched on
a royal bill of faro and champagne trappe,
which had been specially prepared for
them. After lunch an APPEAL reporter
called at the room of President Norton,
where all had repaired to indulge in inn
ported cigars They are fine looking
body and appear 10 have never suffered n
want for any OF the luXurics of life. Pres-
dent Norton acted rs spokesman. saving:
"All oil the gentlemen are interested in
thc'Louisyille d Nashville railroad prop.
crly, and, rs lis president, | am simply
carrying them over IL, in order that they
may SEQ for themselves what fine invest
ment they have their money in. We
have had delightful trip. and been most
Hospitality received everywhere. and the
abundant expressions from the party Of
their favorable impression with all the
country and towns We have seen is a
gratifying pleasure 90 me. The trip has
no business significance; we are not seek
ing to buy up anything, though everything
we have seen is well worth bnying.
Several OF the party, who have never been
here before, were greatly surprised TO find
Memphis a city Of such size, with ~ many
evidcnces Of increasing growth, and they
now believe what / had told them. that
they would find this the largest and most
prosperous trade center in tho south. We
will leave at 10 o'clock tonight, and. |
reckon, our next stopping place will he
Lexington, n.y., where the gentlemen
want 10 take look at some Of the match
less blue grass stock and farms"
Mr.. August Belmont, IT,, is quite n
young man 10 be such aiactorin the finan-
cial world, but, judging from his highly
intelligent appearance and the fluent man
ncr in which lac expresses himself, is fully
capable OF sustaining the reputation OF his
great house. Said he:
This Is my iirst trip through this sec
ton. l was in Europe at the time OF the
last inspection tour OF the directors OF our
road, and was anxious 10 90 over IT, can
only say that am delighted with the fine
condition OF the road and the magnificent
countrv II traycres in the south. The
people OF Memphis, aud in fnct at every
point In the south we have stopped at
strike me as being full Of the spirit OF en-.
terprise and solid prosperity. The condi-
tons are most favorable for this rapid
growth, and IL speaks volumes for The
earnest good sense Of the people, whosecm
to have nothing more at heart than their
own and the country's general peace and
prosperity. From what observe. and il
is q gratifying sign, there is no wild spceu.
lation here in Memphis, but the growth is
genuine, and has body 10 IL that is com.
handing increased strength that will make
Il strong and lasting"
"lou left New York since the election.
did YOU not?"
"Nes; oh, that was n great victory for
us. am not politician only in bust
ness way, but do enjoy good healthy
Democratic victory. New York is all right
on that score, assure you"
Anothcronco OF the big bankers whom the
ArrEAL man had the opportunity Of meet.
ing was Mr.. s. Neustadt, who, IN reply 10
what were his impressions OF what he had
seen on the trip, said.
81 am sorry that have put or coming
over this section ol the country. | can sec
how much have missed. a. Tor Nom.
phis, from wha, have seen today. she Is
no longer a town, but a city, and she is
going 10 be u grcat big city, too, in my
opinion. ! have seen no place that +
more inviting for capital. There certainly
Is no city la the south which enjoys the
advantage II docs In point Of railroad
facilities, and the business done here
makes il q most desirable objective point
for railroads. avn sorry that our stay "
% brief. Tor | would like 10 remain here
longer aud soc more Of this place, Tor the
movements 81 the people suit me. They
have ~ much spirit aud solid business
enterprise
There were quite anumbcr OF caller on
all OF the parties, and they were 80 engaged
that Il was impossible 10 got u chat with
others OF them.